Accounting Analysis of Economic Policy of Spain (2012)

Miguel Angel Pérez Benedito

Accounting Department, Faculty of Economics, Valencia, Spain.

DOI: 10.4236/tel.[phone]                

Abstract

The analysis of economic policy is made through a new methodology using the information provided by businesses to the Bank of Spain. The financial statements are the result of economic and financial transactions in a year and show a behavior that is likely to be measured by applying the Edgeworth’s box for analysis. This means that it is possible to measure the response of firms against market disruptions through an accounting interpretation of the information contained in the financial statements. The indicators obtained through this methodology measure a position taken in the Edgeworth’s box. Consequently, the observations obtained are random and therefore may explain the evolution of the economy of any country.

Keywords

New Methodology, Accounting Analysis, Economic Policy, Strategic Behavior

Conflicts of Interest

The authors declare no conflicts of interest.

References

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